Answer: b. using a fixed basket of goods and, therefore, will tend to overstate inflation.
Explanation:
CPI uses a fixed basket of goods each year and measure inflation by monitoring the changes in this basket over several years/ periods.
This has the tendency to overstate inflation however, due to three(3) main reasons: Substitution bias, Quality bias and New product bias.
With substitution bias, the CPI does not take into account that when products increase in price, people will substitute them for lower priced goods. Quality bias means that CPI does not account for change in quality. New Product bias means that CPI does not account for new and better products as it uses a fixed basket.
Put together these three can cause CPI to overstate inflation by as much as 1% sometimes.
The receivables turnover ratio is an
activity ratio computing how proficiently a firm uses its assets.
Receivables turnover ratio can be calculated by:
net value of credit sales during a given period divided by the average
accounts receivables.
Receivables turnover = sales / receivable
= 4,515,830 / 336,500
= 13.42
Days’ sales in receivables = 365 days/ receivable turnover
= 365 / 13.42
= 27.20
The average collection period is 27.20 days.
The most likely response by the customer that will be a privacy risk is b) Calling the phone number given in the e-mail and providing the personal information over the phone.
<h3>How can you avoid Phishing?</h3>
Phishing refers to attempts by criminals to steal your personal information and use it to drain you financially.
In order to avoid them, never give your personal bank details over the phone because your bank will never ask for that, and don't communicate with anyone who asks for these details.
Find out more on phishing at brainly.com/question/2537406.
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Answer:
The total revenue is likely to increase.
Explanation:
If the proportionate change in quantity demanded is smaller than the proportionate change in quantity, it implies that the price elasticity of demand is relativity inelastic.
In this situation, if the company increases the price of the product, the decline in quantity demanded due to the increase in price will be less than proportionate.
So it is likely that the total revenue from sales will increase because of the increase in price.
First, Holly should have investigated and planned how, when and where to put her money. after planning and investigating she should develop the right attitude in saving and investing.
